Young’s is pleased to announce the appointment of Simon Dodd as a Director in the newly created role of Chief Operating Officer. Dodd has a wealth of experience, having spent more than a decade working in the pub and brewing sector. Most recently, Simon was a director of Fuller’s and managing director of their beer company, having previously been operations director of their … [Read more...]
Stonegate announce £3 billion acquisition of Ei Group
The boards of directors of Ei Group plc ("EIG") and Stonegate Pub Company Bidco Limited ("Bidco"), a wholly-owned subsidiary of Stonegate Pub Company Limited ("Stonegate"), are pleased to announce that they have reached agreement on the terms and conditions of a recommended all-cash acquisition of the entire issued, and to be issued, ordinary share capital of EIG. Under the … [Read more...]
The Chestnut Group announces latest acquisition
The Chestnut Group has announced the acquisition of The Crown in Stoke-by-Nayland. The Chestnut Group was set up in 2012 with a vision to champion hospitality in East Anglia. Philip Turner, Founder of The Chestnut Group said, “The Crown fits perfectly within our expanding collection of properties which seek to craft authentic experiences through engaging food and drink, home … [Read more...]
Wetherspoon today announce its pre-close trading statement for the financial year
J D Wetherspoon have today announced its pre-close trading statement for the financial year ending 28 July 2019. The preliminary results are due to be announced on 13 September 2019. Current trading For the 10 weeks to 7 July 2019 like-for-like sales increased by 6.9% and total sales increased by 6.6%. Year-to-date like-for-like sales have increased by 6.7% and total … [Read more...]
UKHospitality writes to both potential future PM’s to end pubs’ pain
UKHospitality has underlined to Jeremy Hunt and Boris Johnson the urgent need for a new Prime Minister to implement policy changes to support the future of British pubs. With co signatories the BII, CAMRA, the Society of Independent Brewers (SIBA), Pub is the Hub and the BBPA, a joint letter outlines the need for stability in the sector, which can only be delivered via a … [Read more...]